VETO SWITCHGEARS AND CABLES
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The Current P/B Ratio of VETO SWITCHGEARS AND CABLES is 0.84.
Share Price | ₹108.3 | Apr 21,2025 |
Market Cap | ₹206.9 Cr | |
Book Value | ₹246.3 Cr | Mar2024 - Consolidated Results |
Price/Book | 0.84x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of VETO SWITCHGEARS AND CABLES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹206.9 Cr] as on Apr 21,2025
(/) Book Value [ ₹246.3 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 0.84x ]
Thus, for VETO SWITCHGEARS AND CABLES , the investors are currently willing to pay '0.84 times book value' to own 1 share of the company.
PB Multiples are one of the most widely used valuation multiple in industry.
Since P/B ratio uses Book Value in the calculation, P/B multiples are not always reliable for valuing companies with negative book value.
In such cases, you may consider using Price to Earnings ratio or Price to Sales ratio of VETO SWITCHGEARS AND CABLES !
The chart below summarizes the trend in P/B Ratio of VETO SWITCHGEARS AND CABLES over the last five years.
Historical PB (Price/Book ) ratio chart of VETO SWITCHGEARS AND CABLES
PB Ratio Performance Analysis for VETO SWITCHGEARS AND CABLES
- VETO SWITCHGEARS AND CABLES 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.77x.
- VETO SWITCHGEARS AND CABLES 's operated at median p/b ratio of 0.82x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, VETO SWITCHGEARS AND CABLES 's p/b ratio peaked in Mar2021 at 1.14x.
- VETO SWITCHGEARS AND CABLES 's p/b ratio hit its five-year low in Mar2020 of 0.3x.
How does VETO SWITCHGEARS AND CABLES 's P/B Ratio benchmark against top 10 peers in Electric Equipment Industry?
Peer Comparison (Electric Equipment Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
VETO SWITCHGEARS AND CABLES | 246.25 | 0.84 | 206.9 |
SIEMENS LTD | 15,356.70 | 6.55 | 100,659.0 |
ABB INDIA LTD | 7,075.33 | 17.01 | 120,370.0 |
HAVELLS INDIA LTD | 7,440.20 | 13.88 | 103,307.0 |
CG POWER AND INDUSTRIAL SOLUTIONS LTD | 2,996.13 | 32.92 | 98,636.1 |
SUZLON ENERGY LTD | 3,891.17 | 21.15 | 82,316.1 |
WAAREE ENERGIES LTD | 4,041.30 | 17.36 | 70,170.4 |
HITACHI ENERGY INDIA LTD | 1,359.87 | 44.08 | 59,948.3 |
GE VERNOVA T&D INDIA LTD | 1,242.94 | 30.83 | 38,322.5 |
APAR INDUSTRIES LTD | 3,876.44 | 5.47 | 21,196.2 |
INOX WIND LTD | 1,697.35 | 12.86 | 21,825.5 |
Electric Equipment Industry Benchmark (Top 10) PB Analysis vs VETO SWITCHGEARS AND CABLES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 0.84x |
Max industry PB | 44.08x |
Median industry PB | 17.01x |
Average industry PB | 18.45x |
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